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A Strong Yen Is Good for Asia

Updated Sept. 13, 1999 12:36 a.m. ET

By Richard Katz, Mr. Katz is senior editor of "The Oriental Economist Report" and author of "Japan: The System That Soured" (M.E. Sharpe, 1998).

J apan's better-than-expected GDP figures sent the yen upwards once again last Friday -- this time to nearly 107 to the dollar, the highest level in three years. And once again, the Bank of Japan intervened to little avail. Some economists believe the yen is heading...